Although the US$2.8 billion deal is a boost to the economy, opposition leaders accused Goldman Sachs of providing a “lifeline” to a “dictatorship.”

Venezuelan opposition leaders have accused the major Wall Street investment bank, Goldman Sachs, of supporting a “dictatorial regime” for purchasing US$2.8 billion in bonds from the Venezuelan national oil company PDVSA, in spite of the fact that the purchase is a boost to the Venezuelan economy, Reuters reported.

“Goldman Sachs has made an immoral agreement that makes them complicit in the violation of human rights in Venezuela,” President of the Opposition controlled Venezuelan National Assembly, Julio Borges, said Tuesday on his Twitter account.

“To extend a lifeline of US$2.8 billion to the dictatorship of Nicolas Maduro, Goldman Sachs is now complicit in the repression and the abuses of human rights in our country, that have resulted in more than 50 deaths and thousands of injuries,” Borges said in a letter to Goldman Sachs.

Goldman Sachs confirmed the purchase, but denied any interaction with or connection to the Venezuelan Government of President Nicolas Maduro, having purchased the bonds on a “secondary market from a broker,” Reuters reported.